Sign In
Ask Question
Konnor
Mathematics
25 March, 00:44
P=$222 r=12% Y=10 A=?
+3
Answers (
1
)
Krista Fox
25 March, 01:06
0
To solve for the A or the principal amount plus interest you can use two formulas:
A = P + I
Where: P = Principal
I = Interest
or you can use
A = P (1 + rt)
Where: P = principal
r = rate in decimal
t = time in years
With your given you can use the second one, without having to use the first.
Given that the Principal amount is $222 and the rate is 12% and time is 10 years, we first need to convert your rate into decimal by dividing the value in percent by 100 which will yield 0.12.
Then now we can just input the data that you know into the formula:
A = P (1 + rt)
= $222 (1 + (0.12) (10))
= $222 (2.2)
= $488.40
Your A is then equal to $488.40
If you need to get the simple interest all you need to use is the first formula given:
A = P + I
for the interest you transpose the P to the side of the A and you will get:
I = A - P
= $488.40 - $222
= $266.40
$266.40 is the added interest to the principal amount.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“P=$222 r=12% Y=10 A=? ...”
in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Find the angle between vector u = 3i + sqrt 3j and vector v=-2i-5j to the nearest degree a) 82 degrees b) 38 degrees c) 142 degrees d) 98 degrees
Answers (1)
6 blue marbles, 6 brown half browns are plastic. One is taken what is the possibility that it is brown plastic marble? Write answer as a fraction in simplest form
Answers (1)
Write words to match the expression 3 + (4*12)
Answers (2)
Which of these is an algebraic expression? A. 1+2 B. 2b-5 C. 6x4 D. 10 2
Answers (2)
What is the surface area of a cube in which each face of the cube has an area of 7 cm?
Answers (1)
New Questions in Mathematics
Two sides of a rectangular desktop are 3 feet long. The area of the desktop is 15 square feet. What's the perimeter of the desktop
Answers (1)
Combine like terms. 8y2 + 8 (4y2 - 7) =
Answers (2)
What is the value of 11x^-3y^-1 and y=-1 and y=2
Answers (1)
A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. Which of these terms describes this extra $20? cost price markup
Answers (1)
tania needs to buy at least 3 pounds of bananas. if she buys a bunch of bananas that weighs 42 ounces will she have enough? explain
Answers (2)
Home
»
Mathematics
» P=$222 r=12% Y=10 A=?
Sign In
Sign Up
Forgot Password?